6. Coming up this week...

In the political economy in the week ahead:


Statistics New Zealand is scheduled to publish goods and services trade figures by country for the year ended March at 10.45 am.

Prime Minister Jacinda Ardern is expected to give a post-cabinet news conference around 4pm.

Parliament is not sitting this week. It resumes for a four week long session next week.

The Reserve Bank of Australia is expected to leave its official cash rate on hold at 1.5 percent when it releases its latest decision at 4.30 pm New Zealand Time.


Globaldairytrade holds its fortnightly auction on Tuesday night and Wednesday morning. Prices are expected to be flat.

ANZ is scheduled to release its monthly job advertisements series for May at 10 am.

Finance Minister Grant Robertson is scheduled to give a post-Budget address to the Te Awe Wellington Maori Business Network and the Wellington Pasifika Business Network at 11 am in Wellington.

Environment Minister David Parker is scheduled to give a speech at the National Planning Standards launch in Wellington shortly after midday.

Statistics New Zealand is scheduled to publish value of building work put in place figures for the March 2018 quarter, which are among the first set of data released that make up the March quarter GDP figures.


Treasury is scheduled to release a report by independent wellbeing measurement expert Conal Smith from Kotata Insight on a proposed Living Standards Dashboard on Thursday.

Statistics New Zealand is scheduled to publish statistics on property transfers by New Zealanders and overseas people in the March quarter at 11.45 am. Stats NZ is taking over the analysis and publication of property transfer statistics from Land Information New Zealand (LINZ) . the The release will separate out property transfers to resident-visa holders. Previously these buyers and sellers were in the same category as New Zealand citizens.


Statistics New Zealand is scheduled to publish the wholesale trade survey for the March quarter at 10.45 am. It is the second component of GDP figures due to be published on June 21.

G7 leaders including Donal Trump are due to meet on Friday and Saturday in Charlevoix in Quebec for an annual summit. Trump's trade sanctions will be at the top of the agenda. No breakthrough to prevent new tariffs on European and Canadian steel and aluminium imports to America is expected. ( Reuters )


The Northcote by-election is due to be held in Auckland. Results will be due later on Saturday evening. National candidate Dan Bidois is expected to retain the seat for National. However, Labour candidate Shanan Halbert said he was heartened by the turnout being higher than in the general election. Electoral Commission statistics show the turnout was 46 percent higher with a week to go than at the same point in the 2017 General Election. As at the end of June 4, 7293 people have voted in the by-election so far, compared to 4973 at the same point in 2017. (See chart above)

Next week

The National Fieldays will be held at Mystery Creek near Hamilton next week.

Parliament resumes on Tuesday next week for a four-week session until mid-winter.